Investing Money?

[MuscleMan]

You need to be in it for the gusto if you want to make a capital gain. You also need to understand how fixed rates trend, where the best return:risk is, and what affects the market.

I'm adverse to risk, that's why I like cashed based deposits. Definitely agree you wont reach you highest possible potential return taking a fixed deposit, but you aren't subject to the risk either. Cant speak for everyone but I cant afford to lose my savings

[the croc]

Unless you really know what you are doing you're an idiot to do anything other than low risk investments.

Only trouble is actually ensuring low risk investments are actually low risk, we all know what happened to the AAA rated, "low risk" sub-prime mortgage investments.

[MuscleMan]

what? sub-prime lending did exactly what was intended of it. Banks got huge return on equity on risky loans against ramped property. The developers got massive capital gains, the banks had a massive flow of income for a short period, then as expected it went to shit and the only people that lost were the home owners (po folk).

Sub-prime lending is another example of an engineered fall designed to make the guys at the top richer, at the expense of the guys at the bottom.

/life

[Nathanael]

uhhhh dudes, stop being all savvy and shit. You're really messing up dudes like Subverts heads.

plz go back to this

[Marrow]

Bumping more old shit.
I want to buy an apartment in auckland and rent it out. Anyone done anything like that?

[nazi scum]

Yea I rented out an apartment once.

[ghetto ninja]

Bumping more old shit.
I want to buy an apartment in auckland and rent it out. Anyone done anything like that?

If youre looking central city, give me a yell, I can tell you which of the big blocks are going to fuck you with massive body corporate fees because they werent built properly.
Also dont fucking bother getting a property manager, I deal with them everyday and am yet to meet one I would use myself.

[mmmm....good crack]

Moved in with the missus who owns her house, couple more years and I'm a homeowner. ah lovely

[xsfat]

I struggle to see the attraction of buying a unit or apartment in NZ.

[Martli]

I'm just using Term Deposits. Getting 4.5% (1 year term). Building up house deposit.

I like the idea of the low risk and not being able to waste my money.

I very briefly considered a PIE fund but the way all the fees and stuff worked looked overly complicated so I figured i'd probably just get ripped off. Can't say I spent too much time looking in to that option though.

[Marrow]

Gonna take a look at whats around once I get back to NZ. My mate reckons his property manager is actually real dece, which is good, because I travel too much to do anything myself

[bridge.]

Invested some money at the TAB. 210% roi. Beat that mr term deposit.

[FC]

If youre looking central city, give me a yell, I can tell you which of the big blocks are going to fuck you with massive body corporate fees because they werent built properly.
Also dont fucking bother getting a property manager, I deal with them everyday and am yet to meet one I would use myself.

It really does depend. I think they are worse in big cities, because I know my mum (living in tokoroa) requires so much fucking proof you are a good tenant, and then kicks them on their ass when they fuck up, so really earns the money they get as a property manager. If you are doing it yourself then as soon as it turns to shit you have to sort all the fuck ups yourself, and it can be incredibly time consuming to chase up money from rent/damage...but that is what property managers are paid to do.

I guess the bigger the market, the more you can afford to ignore a few people and still retain your reputation/client base.

[mmmm....good crack]

Lucky she makes all that money on the side hooking

[FC]

Yeah, she's a pricey lady. Leith and I once went halves on yours for a fiver.

[nazi scum]

I very briefly considered a PIE fund .

Im saving up for a mince and cheese.

[Martli]

I very briefly considered a PIE fund .

Im saving up for a mince and cheese.

Like this?

[Dead Kid]

I very briefly considered a PIE fund .

Im saving up for a mince and cheese.

If only you'd invested in some dental care, you could've upgraded that mince to steak.